Rangers Sign Darren Oliver

Free agent lefty Darren Oliver signed a one-year, $3.5MM deal with the Rangers today, with a vesting option for 2011. ESPN's Jerry Crasnick first reported progress Sunday on the deal, providing financial terms. This marks Oliver's third stint with the Rangers.

Last year with the Angels, Oliver posted a 2.71 ERA, 8.0 K/9, and 2/7 BB/9 in 73 innings. Since the Angels did not offer arbitration to the Type A free agent, there will be no draft pick compensation.